More big-time investor are taking stakes in Borders (BGP)
Baupost Group, a hedge fund run by deep value investor Seth Klarman, showed a 8.22% stake in (4,971,600 shares) as of the quarter ended 3/31/08. The firm did not show holdings in Borders at the quarter ended 12/31/07.
Baupost Group manages $7+ billion and has returned approximately 20% annually since its inception. Klarman was in the first group of inductees to Alpha magazine’s Hedge Fund Hall of Fame.
Klarman is the author of “Margin of Safety”, one of the hardest finance books to track down today. Published in 1991, it is now out of print, and sells on Amazon and Ebay for over $1000. It is even one of the most-stolen library books, making it very difficult to find a copy to read.
Disclosure (“none” means no position):
